Tehran's Housing Crisis and False Promises
Tehran Municipality has launched the "Small House" project, which allows citizens to purchase small real estate shares starting from just one square centimeter. The aim is to help people own apartments amid rising real estate prices and the depreciation of the Iranian currency. The project seeks to reduce the impact of inflation on small savings by dividing a nine-story residential building into small units and valuing the shares based on the current daily price and location. While some experts support the idea as a way to make real estate savings feasible, others oppose it as a definitive solution to the housing crisis, pointing out that poor market conditions and structural factors make it difficult for this model to bridge the significant housing gap in the country.
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